Adelante Capital Management LLC Raises Position in CBRE Group, Inc. (NYSE:CBRE)

Adelante Capital Management LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,309 shares of the financial services provider’s stock after purchasing an additional 10,468 shares during the period. Adelante Capital Management LLC’s holdings in CBRE Group were worth $5,949,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the 4th quarter valued at $25,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at $29,000. Larson Financial Group LLC increased its position in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of CBRE Group in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.2 %

Shares of NYSE:CBRE opened at $121.63 on Wednesday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a market capitalization of $36.47 billion, a PE ratio of 38.74 and a beta of 1.26. The business has a 50 day moving average of $126.80 and a two-hundred day moving average of $132.02. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBRE shares. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.